The university is set to receive $242.1 million, pending approval by Governor Josh Shapiro.
Trump was shot in Butler, Pennsylvania, just outside of Pittsburgh.
While Arts Fest will run downtown, visitors to the Davey Lab can check out the night sky on Penn State's campus.
The Central PA 4th Fest brought food, fireworks, and more.
The team is developing thermal-controlled radiators that could enhance the capabilities of small scientific and communications satellites.
Construction will start just before Arts Fest and is projected to finish just before Penn State's move-in weekend.